HSBC plans PLUS with 7%-9%% cap linked to S&P 500, Euro Stoxx 50

By Marisa Wong

Madison, Wis., Nov. 28 - HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due June 10, 2013 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.

The basket consists of the S&P 500 index with a 75% weight and the Euro Stoxx 50 index with a 25% weight.

The payout at maturity will be par of $10 plus double any basket gain, up to a maximum payout of $10.70 to $10.90 per note. The exact cap will be set at pricing.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40433T570) will price on Dec. 5 and settle on Dec. 10.

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